Question
What is FEMA?
Solution
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed in the winter session of Parliament in 1999, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses.
How much Foreign direct investment (FDI) is allowed in Insurance Repository?
__________ in insurance is the splitting or spreading of risk among multiple parties.
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
One of the methods of reducing insurance cost of an insured is __________.
Which of the following is an example of a variable charge in a business?
In 2016 , First IPO launched by which insurance company ?
In Insurance, CGL stands for?
Which one of the following does not belong to the main products of life insurance?
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